CSB Bancorp, Inc. (OTC:CSBB) today announced second quarter 2018
net income of $2,324,000, or $.85 per basic and diluted share, as
compared to $1,726,000, or $.63 per basic and diluted share, for the
same period in 2017. Income before federal income tax amounted to $2.9
million, an increase of 16.1% over the same quarter in the prior year.

Annualized returns on average common equity ("ROE") and average assets
("ROA") for the quarter were 12.94% and 1.30%, respectively, compared
with 10.15% and 1.01% for the second quarter of 2017.

Eddie Steiner, President and CEO stated, "Average loan balances
increased for the eleventh consecutive quarter, while net interest
margin improved to 3.98%. Average deposit and loan balances have each
increased approximately 9% from year ago levels."

Net interest income and noninterest income, on a fully-taxable
equivalent basis, totaled $7.9 million during the quarter, an 11%
increase from the prior-year second quarter. Net interest income
increased $702 thousand, or 12%, in the second quarter of 2018 compared
to the same period in 2017.

Loan interest income including fees increased $931 thousand during
second quarter 2018 as compared to the same quarter in 2017. Average
total loan balances during the current quarter were $44 million higher
than the year ago quarter.

The net interest margin was 3.98% compared to 3.75% for second quarter
2017. The tax equivalency effect on the margin dropped to 0.03% from
0.06% a result of the reduction in the corporate income tax rate in 2018.

Noninterest income increased by $108 thousand, or 10%, in the second
quarter of 2018 compared to 2017. The increase reflects growth in trust
and brokerage income, debit card fee income, and service charges on
deposit accounts.

Noninterest expense amounted to $4.6 million during the quarter, an
increase of $931 thousand, or 25%, from second quarter 2017. More than
half of the comparative increase stems from second quarter 2017 reversal
of a $540 thousand provision for unfunded loan commitments due to the
impairment of a commercial line of credit. In other categories, salary
and employee benefits rose $246 thousand, or 10%, compared to the prior
year quarter with increases in headcount, salary, and employment taxes.
Marketing and public relations expense increased by $30 thousand, or
34%, on a quarter over quarter basis primarily on expanded channel
advertising and increasing community donations. The Company's second
quarter efficiency ratio was 58.4% as compared to 51.5% for the same
quarter in the prior year.

Federal income tax provision totaled $553 thousand in second quarter
2018, as compared to $751 thousand tax provision for the same quarter in
2017. The effective tax rate decreased from 30% to 19% a result of the
Tax Cuts and Jobs Act enacted on December 22, 2017.

Average total assets during the quarter amounted to $716 million, an
increase of $29 million, or 4%, above the same quarter of the prior
year. Average loan balances of $535 million increased $44 million, or
9%, from the prior year second quarter while average securities balances
of $119 million decreased $14 million, or 10%, as compared to second
quarter 2017.

Average commercial loan balances for the quarter, including commercial
real estate, increased $32 million, or 9%, from prior year levels.
Average residential mortgage balances increased $11 million, or 7%, over
the prior year's quarter. Average consumer credit balances increased $2
million, or 11%, versus the same quarter of the prior year.

Nonperforming assets decreased $2 million from December 31, 2017 to $4.4
million, or 0.82%, of total loans plus other real estate at June 30,
2018. The decrease in nonperforming loans is the result of the
liquidation of a $1.7 million credit facility during first quarter 2018.
At June 30, 2018, approximately $1.8 million of the non-performing loan
total is guaranteed by either USDA or the SBA. Delinquent loan balances
as of June 30, 2018 declined to 1.06% of total loans as compared to
1.53% at December 31, 2017 and 1.31% at June 30, 2017.

Net loan losses during second quarter 2018 were $39 thousand, or 0.03%
annualized, compared to second quarter 2017 net loan losses of $10
thousand. The allowance for loan losses amounted to 1.11% of total loans
at June 30, 2018 as compared to 1.08% of total loans on December 31,
2017 and 1.26% at June 30, 2017.

Average deposit balances grew on a year over year comparison by $47
million, or 9%, partially on the strength of customer response to higher
rates paid on insured deposits. During the second quarter 2018,
increases in average deposit balances over the prior year quarter
included interest-bearing demand accounts of $28 million; savings
accounts of $11 million; time deposits of $5 million, and non-interest
bearing checking accounts of $3 million. The average balance of
securities sold under repurchase agreement during the second quarter of
2018 decreased by $14 million, or 25%, compared to the average for the
same period in the prior year. During 2017, a new corporate overnight
cash management product was established within interest-bearing checking
and at June 30, 2018 the new product had balances of $17 million.

Shareholders' equity totaled $72.6 million on June 30, 2018 with 2.7
million common shares outstanding. The tangible equity to assets ratio
amounted to 9.4% on June 30, 2018 and 9.2% on June 30, 2017. The Company
declared a second quarter dividend of $0.24 per share, a $.04 per share
increase over second quarter 2017, producing an annualized yield of 2.5%
based on the June 30, 2018 closing price of $39.00.

About CSB Bancorp, Inc.

CSB is a financial holding company headquartered in Millersburg, Ohio,
with approximate assets of $723 million as of June 30, 2018. CSB
provides a complete range of banking and other financial services to
consumers and businesses through its wholly owned subsidiary, The
Commercial and Savings Bank, with fifteen banking centers in Holmes,
Wayne, Tuscarawas, and Stark counties and Trust offices located in
Millersburg, North Canton, and Wooster, Ohio.

Forward-Looking Statement

This release contains forward-looking statements relating to present or
future trends or factors affecting the banking industry, and
specifically the financial condition and results of operations,
including without limitation, statements relating to the earnings
outlook of the Company, as well as its operations, markets and products.
Actual results could differ materially from those indicated. Among the
important factors that could cause results to differ materially are
interest rate changes, softening in the economy, which could materially
impact credit quality trends and the ability to generate loans, changes
in the mix of the Company's business, competitive pressures, changes in
accounting, tax or regulatory practices or requirements and those risk
factors detailed in the Company's periodic reports and registration
statements filed with the Securities and Exchange Commission. The
Company undertakes no obligation to release revisions to these
forward-looking statements or reflect events or circumstances after the
date of this release.

CSB BANCORP, INC.

CONSOLIDATED FINANCIAL HIGHLIGHTS

(Unaudited)

Quarters

(Dollars in thousands, except per share data)

2018

2018

2017

2017

2017

2018

2017

EARNINGS

2nd Qtr

1st Qtr

4th Qtr

3rd Qtr

2nd Qtr

6 months

6 months

Net interest income FTE (a)

$

6,697

$

6,436

$

6,532

$

6,300

$

6,046

$

13,133

$

12,001

Provision for loan losses

324

324

180

280

845

648

685

Other income

1,168

1,145

1,120

1,054

1,060

2,313

2,166

Other expenses

4,619

4,537

4,696

4,286

3,688

9,156

8,334

FTE adjustment (a)

45

47

96

96

96

92

189

Net income

2,324

2,164

1,779

1,866

1,726

4,488

3,456

Diluted earnings per share

0.85

0.79

0.65

0.68

0.63

1.64

1.26

PERFORMANCE RATIOS

Return on average assets (ROA)

1.30

%

1.25

%

0.99

%

1.05

%

1.01

%

1.28

%

1.03

%

Return on average common equity (ROE)

12.94

%

12.33

%

10.02

%

10.62

%

10.15

%

12.64

%

10.34

%

Net interest margin FTE (a)

3.98

%

3.95

%

3.84

%

3.77

%

3.75

%

3.97

%

3.80

%

Efficiency ratio

58.41

%

59.52

%

60.99

%

57.89

%

51.49

%

58.97

%

58.42

%

Number of full-time equivalent employees

174

171

174

169

169

MARKET DATA

Book value/common share

$

26.47

$

25.90

$

25.72

$

25.47

$

25.06

Period-end common share mkt value

39.00

35.95

33.11

30.50

30.60

Market as a % of book

147.34

%

138.80

%

128.73

%

119.75

%

122.11

%

Price-to-earnings ratio

13.13

13.07

12.78

11.47

11.81

Cash dividends/common share

$

0.24

$

0.24

$

0.22

$

0.22

$

0.20

$

0.48

$

0.40

Common stock dividend payout ratio

28.24

%

30.38

%

33.85

%

32.35

%

31.75

%

29.27

%

31.75

%

Average basic common shares

2,742,242

2,742,242

2,742,242

2,742,242

2,742,242

2,742,242

2,742,242

Average diluted common shares

2,742,242

2,742,242

2,742,242

2,742,242

2,742,242

2,742,242

2,742,242

Period end common shares outstanding

2,742,242

2,742,242

2,742,242

2,742,242

2,742,242

Common shares repurchased

0

0

0

0

0

Common stock market capitalization

$

106,947

$

98,584

$

90,796

$

83,638

$

83,913

ASSET QUALITY

Gross charge-offs

$

45

$

303

$

19

$

1,138

$

34

$

348

$

47

Net (recoveries) charge-offs

39

295

12

1,133

10

334

(313

)

Allowance for loan losses

5,918

5,633

5,604

5,436

6,289

Nonperforming assets (NPAs)

4,399

4,622

6,522

4,930

6,036

Net charge-off (recovery) /average loans ratio

0.03

%

0.23

%

0.01

%

0.89

%

0.01

%

0.13

%

(0.13

)%

Allowance for loan losses/period-end loans

1.11

1.06

1.08

1.07

1.26

NPAs/loans and other real estate

0.82

0.87

1.26

0.97

1.21

Allowance for loan losses/nonperforming loans

134.52

122.40

85.93

110.27

104.19

CAPITAL & LIQUIDITY

Period-end tangible equity to assets

9.41

%

9.50

%

9.33

%

9.18

%

9.20

%

Average equity to assets

10.06

10.16

9.84

9.93

9.93

Average equity to loans

13.47

13.50

13.76

13.81

13.90

Average loans to deposits

90.77

91.89

88.33

90.30

90.42

AVERAGE BALANCES

Assets

$

715,902

$

700,394

$

715,799

$

702,040

$

686,403

$

708,198

$

676,655

Earning assets

674,699

660,772

674,234

662,432

646,859

667,777

637,242

Loans

534,852

527,315

511,805

504,943

490,359

531,107

485,534

Deposits

589,211

573,855

579,433

559,195

542,308

581,576

531,380

Shareholders' equity

72,039

71,173

70,419

69,737

68,184

71,608

67,377

ENDING BALANCES

Assets

$

723,299

$

699,967

$

707,063

$

710,824

$

696,891

Earning assets

681,200

662,779

664,365

669,483

657,249

Loans

535,427

530,395

516,830

509,458

498,625

Deposits

595,073

576,418

583,259

571,626

547,104

Shareholders' equity

72,578

71,019

70,532

69,838

68,726

NOTES:

(a)

- Net Interest income on a fully tax-equivalent ("FTE") basis
restates interest on tax-exempt securities and loans as if such
interest were subject to federal income tax at the statutory rate.
Net interest income on an FTE basis differs from net interest
income under U.S. generally accepted accounting principles.